Putnam County, Tennessee Housing Market
In Putnam County, Tennessee, the median home value is $282,500, with a median monthly rent of $908. This places Putnam County at #717 nationally out of 3134 counties by median home value, and #18 within Tennessee.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $961
- Establishments: 2,320
- BLS QCEW, 2025
Housing Supply
- Single-family: 577
- Multi-family: 52
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 31,524 (avg $75,250)
- Outflow: 29,031 (avg $75,444)
- IRS Statistics of Income
🔗 Explore Putnam County on Our Sister Sites
Get the complete picture for Putnam County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Putnam County Compares
| Metric | Putnam County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $282,500 | $223,385 | $227,706 |
| Median Gross Rent | $908 | $892 | $968 |
| Owner Occupancy Rate | 61.2% | 74.1% | 73.3% |
| Price/Rent Ratio | 25.9 | 20.5 | 18.7 |
Market Analysis
The median home value in Putnam County is 26.5% above the Tennessee state average and 24.1% above the U.S. national average. The median rent of $908/month is 1.8% above the state average.
With a price-to-rent ratio of 25.9, Putnam County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Putnam County has an owner-occupancy rate of 61.2%, compared to 74.1% in Tennessee and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Hubbard County | Minnesota | $282,600 | $905 |
| Umatilla County | Oregon | $282,600 | $997 |
| Amelia County | Virginia | $282,400 | $1,164 |
| Daggett County | Utah | $282,300 | $900 |
| Monroe County | Illinois | $282,100 | $1,042 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bedford County | $281,200 | $1,051 | 71.9% |
| Montgomery County | $280,200 | $1,308 | 61.9% |
| Marshall County | $279,800 | $946 | 76.8% |
| Moore County | $285,300 | $841 | 82.5% |
| Sevier County | $299,000 | $1,072 | 70.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).